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Press Release

Posted Oct 05, 2011 by    0 Comment(s)  0 Likes Like Dislike

California’s largest state retiree organization has a new name and a new attitude about standing up to public pension critics [Read More...]



Californians’ retirement prospects grim, forecasts new research

Posted Oct 04, 2011 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

    Nearly half of California workers will retire in or near poverty, shows a new study released by the University of California, Berkeley’s Center for Labor Research and Education, "California Workers’ Retirement Prospects." 
    While retirement security is and will be a problem in the whole of the nation, the situation is worse in California, because California workers have less access to employer retirement plans than workers in the United States as a whole, according to the study authors.
[Read More...]



Plan to fix its finances thrown into jeopardy.

Posted Sep 28, 2011 by    0 Comment(s)  0 Likes Like Dislike

Faced with a growing pension burden, Los Angeles Mayor Antonio Villaraigosa and the City Council moved this summer to freeze the amount of healthcare benefits given to thousands of police and firefighters once they retire. Those benefits would not increase in coming years, Villaraigosa said, unless employees contribute more toward retirement from their paychecks. [Read More...]



CalPERS Ambassador Recruitment meeting scheduled for Nov. 4

Posted Sep 09, 2011 by newspaper editor    1 Comment(s)  0 Likes Like Dislike

CalPERS, Sept. 9, 2011

On November 4, 2011, the CalPERS Office of Stakeholder Relations will host a second Northern California recruitment meeting to identify CalPERS beneficiaries for the CalPERS Ambassador Program. The November 4 meeting is a repeat of the popular kick-off meeting held in Sacramento on May 26.

[Read More...]



Assembly throws in towel on public pension reform -- for now

Posted Sep 09, 2011 by newspaper editor    2 Comment(s)  1 Likes Like Dislike

Sacramento Bee Sept. 8, 2011 --Lawmakers essentially threw in the towel Thursday on comprehensive public pension reform - at least for now.

With this year's legislative session scheduled to end at midnight today, the Assembly voted 51-21 to approve a last-minute bill declaring its commitment to pension reform but conceding that more time is needed.

[Read More...]



CalPERS reports best returns in 20 years

Posted Jul 18, 2011 by newspaper editor    1 Comment(s)  -3 Likes Like Dislike

The California Public Employees’ Retirement System (CalPERS) July 18 reported a 20.7 percent return on investments in preliminary estimates for the one-year period that ended June 30, 2011.

“This is our best annual performance in 14 years,” said Rob Feckner, CalPERS Board President. “For the second straight fiscal year, the Pension Fund exceeded its long-term annualized earnings target [Read More...]



Calpers Payments Spur $26 Billion in 2010 Activity in California

Posted Jul 13, 2011 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Benefit payments in 2010 by the California Public Employees’ Retirement System, the largest U.S. public pension, spurred more than $26 billion in economic activity in the state, the fund said in a report.

[Read More...]



Board Candidate Forum Video Available Online

Posted Jul 13, 2011 by newspaper editor    1 Comment(s)  0 Likes Like Dislike

CalPERS Board run-off election candidates, Michael Bilbrey and Richard Ross, participated in a candidate forum sponsored by PERSwatch on July 6, 2011. A video of the forum is now available for viewing online via YouTube. Ballot packages for the run-off election were mailed to eligible voters on June 30, 2011.
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PERSWatch hosts forum between two candidates July 6

Posted Jun 28, 2011 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Michael Bilbrey and Richard Ross – the two candidates in the CalPERS runoff election for a vacant seat on the CalPERS Board of Administration – will face off at an upcoming candidates’ forum. 
[Read More...]



Jerry Brown, Democratic leaders announce budget deal

Posted Jun 27, 2011 by newspaper editor    0 Comment(s)  -1 Likes Like Dislike

Gov. Jerry Brown and Democratic legislative leaders announced today that they have reached an agreement on a new majority-vote budget plan.

"We've had some tough discussions, but I can tell you that the Democrats in both the Senate and the Assembly have now joined with the administration and myself and we have a very good plan going forward with the budget," Brown said at a press conference in his office this afternoon.
[Read More...]



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